Entreprise G?(C)n?(C)rale Du Cobalt, a state-owned company in the Democratic Republic of Congo, will start to buy cobalt produced by the country's artisanal miners within eight weeks, it told Fastmarkets on Wednesday July 14.Cobalt is a key ingredient, alongside lithium and nickel, in batteries that power electric vehicles (EVs), demand for which was expected to boom in the medium term.Artisanal a...Read More
Glencore has described rioting in South Africa as a "force majeure event" in a letter to customers about a number of ores, alloys and metals exported from the country, although this is not a declaration of force majeure. In a notice to customers on July 14, seen by Fastmarkets, the trader-miner warned that ongoing violence in South Africa could potentially prevent them from fulfilling contracts wi...Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt standard grade, in-whs Rotterdam, $/lb at 24.40-25.00 on...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies....Read More
British Columbia has granted a permit for early construction work at the Blackwater gold project belonging to Artemis Gold (TSXV: ARTG). This is the first step in construction of a mine, allowing for site preparations and land cleaning at the site 150 km southwest of Prince George, B.C.Blackwater is estimated to be the largest gold mine development in the Cariboo region of B.C. in the last decade,...Read More
Planned and unplanned maintenance shutdowns at Nevada Gold Mines in the US and Pueblo Viejo in the Dominican Republic have resulted in a 5.4% drop in the world's second-largest gold miner by reserves, Barrick Gold's (TSX: ABX, NYSE: GOLD) second-quarter output.Preliminary June-quarter results dropped to 1.04 million oz. gold, from 1.1 million oz. in the prior period. The latest figure was below th...Read More
A new report by IDTechEx states that the current trend of adoption of redox flow batteries (RFBs) should lead to a multi-billion market size in 2031.However, in the analyst's view, this massive adoption doesn't imply that Li-ion batteries will disappear. Rather, the two systems are expected to address different issues."IDTechEx expects Li-ion batteries to be mostly employed for a short duration of...Read More
Proudfoot Global CEO Pamela Hackett talks wrestling chaos with industry leadersSPONSOREDproudfootYandal building on discovery successSPONSOREDyandal resourcesEmerging producer Horizon Minerals eyes mid-tierSPONSOREDhorizon mineralsRumble growing with Earaheedy discoverySPONSOREDrumble resourcesMiners frequently cite a three-phase value model as the rationale for investing in the industry. I...Read More
Vietnam is proposing to impose a 5% export tax on steel billet, which could make offer prices from the country's mills uncompetitive in key Asian markets, sources told Fastmarkets on Thursday July 15.The proposal has been drafted by the Vietnam Ministry of Finance, but is not yet official policy as it is awaiting final government approval, according to key billet trading sources.News of the propos...Read More
LG Chem announced a 10 trillion KRW ($8.7 billion) investment in three engines of growth - eco-friendly materials, battery materials and innovative new drugs.Read full newsRead More
A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.Read full newsRead More
Electric Royalties Ltd. (TSXV: ELEC) ("Electric Royalties" or the "Company") pleased to provide an asset update on its current royalty portfolio. PDF of full Press Release.Read full newsRead More
West High Yield Resources (TSXV:WHY) has announced a non-brokered private placement of up to C$2.5 million.Read full newsRead More
ELKO, Nev., July 6, 2021 /PRNewswire/ -- U.S. Gold Corp. (Nasdaq: USAU) (the 'Company'), a gold exploration and development company, today announc...Read full newsRead More
Everywhere in the markets, we’re all looking for value. Whether it’s investors, analysts, or companies looking for acquisitions, value is what matters. Investing in solid businesses with excellent cash flows and growth prospects is the name of the game.One particular company I’ve been intrigued by of late is gold miner Troilus Gold (TSX:TLG). Indeed, the junior gold mining space...Read More
Commodity prices are on a roll in 2021, and the rally could extend through 2022, as the global economy recovers from the pandemic. Investors who missed the initial surge can still find undervalued stocks that should benefit from the commodities boom.Teck ResourcesTeck Resources (TSX:TECK.B)(NYSE:TECK) is a diversified Canadian mining company producing metallurgical coal, copper, and zinc. The comp...Read More
With sweaty, shaking hands, I checked in for my 6 a.m. flight from Baltimore to Copenhagen. I was nervous. That's because inside my worn leather messenger bag was a smaller plastic bag filled to the brim with white powder, tucked into a secret compartment. It was my first time smuggling illicit substances out of the country.My heart was racing as I stood in the security line. I tried to act natura...Read More
Production at Koniambo Nickel SAS (KNS) in New Caledonia has been disrupted by protesters, a Glencore spokesperson confirmed to Fastmarkets.Le Figaro newspaper had reported the disruption on Thursday July 15, citing a statement issued by KNS owners Glencore and Soci?(C)t?(C) Mini??re du Sud Pacifique SA (SMSP).The site was placed "on standby," with production...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and Sybil...Read More